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Multifamily investment in Greater London

London, United KingdomUnlock address

75%

Offers invited

Residential investment

#34437

Core+

7 Sep 2024

Property Details

Broker

For sale

133,608 sq.ft.

12,412 m²

GIA

177

Freehold

X

Fees

0.00 %

0.40 %

0.40 %

Investment Overview

London Zone 5, less than a 5-minute walk from Harrow-on-the-Hill station. Comprises a 9 storey multifamily building and mews providing 177 apartments with an aggregate residential GIA of 133,608 sq ft together with extensive residents’ amenity provision and 154 secure underground parking spaces over two basement levels. Residents benefit from on-site concierge and 24 hour security provision.Value-add: opportunity to optimise asset performance and create value through various initiatives. Ensuring strong demand from a broad rental demographic. Professionally managed by an independent third-party. Stabilised occupancy: 99.4%. Private tenure: 100%. The building also includes a commercial element at ground and first floors which is in separate ownership (not included in the sale). Residential Passing Rent: £3,986,247pa Parking: £13,200pa. Total: £3,999,447pa. Average occupancy of 2.9 years with >25% of tenants having been in situ for over 4 years.